Prices of old flats in Bucharest continued to go down in October, by 6% compared with the previous month and by 16% compared with the beginning of the year, reveals the Bucharest Real Estate Index (BREI), put together by real estate consultancy Colliers International…

Insurance company Astra's majority shareholder Nova Trade said it will resort to judicial measures against the Austrian-based company Uniqa which breached a contract inked with Astra, by attempting to take over Unita, according to a company release…

The increase in the price of money and speculations against the leu has raised interest rates for new loans in the past weeks. Most banks revised upwards their interest rates on loans, and those that have not already raised rates are considering adjustments…

Considered till recently a market "of all possibilities", the Romanian credit market is confronting with a change process that seems to completely shake it. Forced by the international financial crisis, and also by the new crediting rules adopted by the National Bank of Romania…